NTC — Interim / Quarterly Report 2013

Oct 24, 2013

Nuvoton Technology Corporation

3Q13 Investor Conference October 24, 2013

Safe Harbor Notice

• We have made forward-looking statements in this presentation. Our forward-looking statements contain information regarding, among other things, our financial condition, future expansion plans and business strategies. We have based these forward-looking statements on our current expectations and projections about future events. Although we believe that these expectations and projects are reasonable, such forward-looking statements are inherently subject to risks, uncertainties and assumptions about us.

• We undertake no obligation to publicly update or revise any forward-looking statements whether as a result of new information, future event or otherwise. In light of these risks, uncertainties and assumptions, the forward-looking events discussed in this conference might not occur and our actual results could differ materially from those anticipated in these forward-looking statements.

• The information contained herein shall also not constitute an offer to sell or a solicitation of an offer to buy the company’s securities nor shall there be any sale of such securities in any state or country in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or country.

Agenda

• Nuvoton Financial Results

• Nuvoton Business Update & Outlook

• Q&A

Nuvoton Financial Results

• Nuvoton Consolidated Statement of Comprehensive Income

• Nuvoton Consolidated Balance Sheet

• Nuvoton Consolidated Statement of Cash Flows

• Nuvoton Revenue and GM Trend- Consolidated

Nuvoton Consolidated Statement of Comprehensive Income

Selected Items from Statement of Comprehensive Income.

	p		.
Unit: NT$ M	3Q13		2Q13		3Q12		QoQ change		YoY change
	Amount	%	Amount	%	Amount	%	Amount	%	Amount	%
Net Revenue	1,744	100	1,901	100	1,935	100	(156)	(8)	(191)	(10)
Gross Profit	700	40	803	42	800	41	(103)	(13)	(99)	(12)
Operating Income	140	8	176	9	214	11	(37)	(21)	(74)	(35)
Net Non- Operating Income	9	0	38	2	10	0	(29)	(76)	(1)	(7)
Income before Income Tax	149	8	214	11	223	11	(65)	(31)	(75)	(33)
Net Income	55	3	115	6	181	9	(60)	(52)	(127)	(70)
EPS (NTD)	0.26		0.55		0.88

Note: Weighted average outstanding shares were 207.5M units in 3Q13.

Nuvoton Consolidated Balance Sheet

Selected Items from Balance Sheet.

Unit: NT$ M Sep 30 ’13 Amount % June 30 ’13 Amount % Selected Items from Balance Sheet.	QoQ change Amount %
Cash & Cash Equivalents 1,400 30 1,485 29 Accounts Receivable 866 18 1,025 20 Inventories 914 20 989 19 Long-Term Investments 399 9 396 7 Property, Plant and Equipment 520 11 518 11 Total Assets 4,720 100 5,117 100	(85) (6) (159) (16) (75) (8) 4 1 2 0 (397) (8)
Current Liabilities 1,446 30 1,901 37 Non-Current Liabilities 509 11 500 10 Total Liabilities 1,954 41 2,401 47	(455) (24) 8 2 (447) (19)
Total Equity 2,765 59 2,716 53	50 2

Nuvoton Consolidated Statement of	Nuvoton Consolidated Statement of	Nuvoton Consolidated Statement of	Cash Flows	Cash Flows
Unit: NT$ M	3Q13	2Q13	QoQ change
	Amount	Amount	Amount
Cash Flows from Operating Activities	342	291	52
Cash Flows from Investing Activities	(71)	(59)	(12)
Cash Flows from Financing Activities	(353)	0	(353)
Cash & Cash Equivalents	1,400	1,485	(85)

Nuvoton Revenue and GM Trend- Consolidated

==> picture [633 x 406] intentionally omitted <==

----- Start of picture text -----

Revenue (NT$ M)
3,000 50.0%
42.3% 42.2%
41.3%
40.3% 40.7% 40.1%
2,500
37.9%
40.0%
2,237
1,935
2,000 1,901
1,744
30.0%
1,639 1,639
1,602
1,500
20.0%
1,000
10.0%
500
0 0.0%
1Q12 2Q12 3Q12 4Q12 1Q13 2Q13 3Q13
Revenue Gross Profit GM%
----- End of picture text -----

Gross Margin Rate

Nuvoton Business Update &Outlook

• Nuvoton 3Q13 Business Update

• • Nuvoton 4Q13 Business Outlook

Nuvoton 3Q13 Business Update

Net Revenue: -8.2% QoQ / -9.8% YoY

• Key Reasons for QoQ Decrease

• Weak PC Demands

• Foundry and Consumer Business Seasonality

• Key Reasons for YoY Decrease

• Weak PC Demands

• 3Q13 Major New Products and Process

• ARM[®] Cortex™- M4 32-bit MCU Sampling

• ARM[®] Cortex™- M0 Based Audio SoC Shipment

• Computer IC for Intel[®] Haswell

• New 0.35um 5V/40V BCD Process

Note: All trademarks and copyrights mentioned herein are the property of their respective owners.

Nuvoton 4Q13 Business Outlook

• 4Q13 Business Outlook

• Traditional Slow Season for PC, Consumer, and Foundry

• Windows 8.1 and New Haswell PC

• 4Q13 Major New Products and Process

• ARM[®] Cortex™- M4 32-bit MCU Roadshow

• ARM[®] Video SoC with H.264 Codec Promotion

• New 0.35um 5V/60V~80V BCD Process

Note: All trademarks and copyrights mentioned herein are the property of their respective owners.

Questions & Answers

• Company website Nuvoton: www.nuvoton.com